Max Life Term Insurance Plan for NRI

Max Life Insurance Company offers customized term insurance plans for Non-Resident Indians (NRIs) that help you protect your dependents against unfortunate events in long term. Max Life Insurance is one of the leading insurance providers of life insurance for Indians as well as for Non-Resident Indians. 

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Get ₹1 Cr. Life Cover at just ₹449/month+
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
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+Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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What is Term Insurance? 

Term insurance is a specifically designed life insurance plan that secures an individual’s family and offers them financial security in case of any unpredictability. Like most insurance plans, a policyholder pays a premium amount for a specific tenure. If the policyholder dies during that term due to any health reason or an accident, the beneficiary/nominee is provided a death benefit equivalent to the policy value. The premium amounts are computed based on the health conditions, policyholder’s age, and life expectancy. Insurance companies sometimes ask the buyer to conduct a medical test before finalizing the plan. 

What is Max Life Term Insurance Plan for NRI? 

Max Life Insurance company is a collaboration between Max India Limited and Mitsui Sumitomo Insurance Co. Ltd. The company provides tailor-made cum investment plans to NRIs. Max Life term insurance plan for NRI are specifically designed to offer protection and security to NRIs and their dependents towards unpredictability in life. NRI policyholders can select from number of plans ranging from retirement, child, protection, group, savings, and ULIP.  Max Term Insurance plans for NRI are comprehensive life insurance products that provide financial protection to the policyholder and his/her dependents. Following are the Max Life Term Insurance plan for NRI: 

Why Should NRIs Choose Max Life Insurance Plans? 

Max Life Insurance is one of the popular insurers in India that serves Indian residents as well as NRI insurance buyers. The company always attempts to make life insurance policies more economical, easy, and suitable for buyers at every life stage. Here is why NRIs should select Max Life Insurance: 

  • It provides a one-stop solution for the insurance requirements of customers 

  • The insurer has a claim settlement ratio (CSR) of 99.35% (as per IRDAI 2020-21) and is known for transparency. Insurance buyers can check every detail related to different plans online. 

  • The insurer offers 24X7 customer assistance to insurers and has an easy and hassle-free claim settlement procedure when the claim is made by the nominee/beneficiary of the plan. 

  • Flexible option of paying premiums that helps customers to pay premium amounts through NRO or NRE, or from a foreign bank account. 

  • The Max term plans offer the option to renew the premiums. 

Benefits of Max Life Term Insurance Plan for NRI? 

The Max Life Term Insurance company offers a comprehensive range of plans to cater to the needs of insurance seekers. NRIs can enjoy the below benefits by receiving life insurance policies from Max Life Insurance. 

  1. Long time protection 

    Insurance policies offer longer protection for the policyholder and their loved ones and can choose a life coverage up to 100 years of age. 

  2. Financial Stability 

    Term plans help NRI in protecting the family’s future by offering financial stability even when the sole earner is not around., 

  3. Peace of Mind 

    Term insurance plans provide comprehensive security to the family members which helps in living comfortably without panicking about the future 

  4. Tax Benefits 

    NRIs are entitled to tax savings benefit on the premium amount paid for a term plan u/s 80C. The payment amount received under an insurance plan is also exempted from tax u/s 10(10D) of the Income Tax Act, 1961. 

  5. Death Benefits

    In case the life assured dies within the policy term, the nominee/beneficiary will get the death benefits 

  6. Maturity Benefits 

    NRI plan offers maturity payouts, provided the plan is in force till the last of the policy tenure, 

  7. Survival Benefit 

    Policyholders surviving the policy tenure may enjoy the survival benefits 

  8. Online

    NRIs can buy a term plan online in a hassle-free and easy way. 

Kal Kisi Ne Nahi Dekha Kal Kisi Ne Nahi Dekha

Eligibility To Purchase Max Life Term Insurance Plan for NRI

There are some conditions for an individual to be considered an NRI, and be eligible to buy a term insurance plan in India. Though the mentioned T&Cs vary with the insurer, the basic requirements are still the same. Let’s discuss the eligibility criteria of the Max Life term insurance Plan for NRIs: 

  • You must have resided outside the country for a fixed time period or as specified in the plan 

  • Your grandparents or parents must have been Indian citizens 

  • You must have married a citizen of India 

  • You must have an Indian passport at some stage of your life

The premium rates for these term policies depend on the policyholder’s age, the medical conditions, the plan features, and the sum assured amount, among others. 

Documents Required To Purchase Max Life Term Insurance Plan for NRIs 

The document that a policyholder requires to submit for a Max life term insurance plan for NRI are as follows: 

  • Completely filled proposal application 

  • Attested passport copy of your residential country 

  • Medical examination signifying your fitness or health or declaring health issues, if any. 

  • Proof of age 

  • Proof of Income

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Max Life Term Insurance Plan for NRI Reviews & Ratings

4 / 5 (Based on 51 Reviews)
(Showing Newest 10 reviews)
Bhikiyasen, March 02, 2021
Fulfil the requirement
My term insurance plan has fulfilled my and my family requirements. It has so many additional features which will make my term plan worth it. I got the max life term insurance policy. Great team.
Barwani, February 19, 2021
Survival plan
I have got the survival plan when I bought this max life term insurance policy from the policybazaar. I checked few plans into the website and found this amazing plan. I am thanks to team policybazaar.
Uttamnagar, October 17, 2016
Beneficial Policy
The max life term insurance plan i have bought in low premium is fully satisfactory to me. Services provided by the members of the insurance company is fantastic, online renewal facility reduces the paperwork. The updates regarding insurance plan is mailed to me regularly.
Amalapuram, September 26, 2016
Fair Insurance
Got max life term insurance plan in less premium. The service is fantastic with 24X7 customer service. Online renewals and updates are on website of the company. Policy covers maximum expenditure and claims are simple to sanctioned.
Greater_noida, July 26, 2016
Max insurance plan
My friend suggest me to buy a insurance policy. After some researching i purchase term insurance plan from max newyork life insurance. The insurance plan is perfect. Even the online portal service is so simple anyone can access it. Good returns in low premiums.
Nainital, July 26, 2016
Term plan
Max life term plan of mine is fantastic which has maximum benefits and high returns in less investments. Policy coverage is high ~89% and the claims are easy to get. Service is fabulous provided by the executives and staff of the company.
Aallapalli, March 29, 2016
Gonda, February 29, 2016
Good Service
Max life policy is a good policy in Term market. Policy Bazaar is a good supporter for customer. Thanks Policy Bazaar
Kolkata, February 06, 2016
I have life insurance and the premium is low. The claim is around 19 lakh at the end of the policy. The service is real good and on time. But the claiming process is slow. An average policy.
Plan Name: Online Term plan
Agent Code: BPW01312
Dehradun, February 06, 2016
Life secure with max insurance. Service is nice and fast. Policy coverage is 90% and claims are high but the premiums are very less. Around eighteen lakh is amount of payback at the end of policy.
Plan Name: Online Term plan
Agent Code: BPW01312
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